News

Law enforcement officers take position during a protest against the death in Minneapolis police custody of George Floyd, in Minneapolis, Minnesota, U.S., May 30, 2020. Picture taken May 30, 2020.

Lucas Jackson | Reuters

Protesters and police clashed in cities across America as demonstrations in response to the killing of George Floyd, an unarmed black man, at the hands of Minneapolis police descended into violence again. Mayors of major cities imposed curfews and governors mobilized state National Guard in an effort to keep the peace overnight to little avail. Derek Chauvin, the officer filmed kneeling on Floyd’s neck, was arrested and charged with murder and manslaughter Friday.

This is CNBC’s live blog covering all the latest news on the demonstrations gripping the U.S. This blog will be updated throughout the day as the news breaks.

At least 30 business and buildings damaged in Nashville

5:25 a.m. ET — In Nashville, 28 protesters were arrested Saturday night after the 10 p.m. curfew, according to the Nashville Police Department.

Governor Bill Lee authorized the National Guard to mobilize in response to protests, which he said took a “violent, unlawful turn.”

Protesters damaged at least 30 businesses and buildings in the city, including

The North Shore of Vancouver is home to three suburban municipalities: West Vancouver, with its 10,000-square-foot monster mansions, and the two North Vancouvers: the densified City of North Vancouver, nestled against the waterfront, and the largely single-family suburban District of North Vancouver which surrounds it.

The current North Vancouver District council was elected in 2018, and since then every proposal for multifamily housing, including rental, has been defeated, postponed, or rejected. Local developers are making hard decisions to keep their businesses moving forward at a time when the municipality is blocking every housing development that comes before them.

Anne McMullin, president and CEO of the Urban Development Institute, an organization that represents residential, commercial, and industrial developers in British Columbia, has seen developers shifting their focus to cities that seem more amenable to development. The organization’s members create roughly 230,000 jobs and contribute $22 billion annually to the British Columbia GDP.

Joey Logano, driver of the #22 Shell Pennzoil Ford, and Alex Bowman, driver of the #88 Axalta Chevrolet, lead during the NASCAR Cup Series FanShield 500 at Phoenix Raceway on March 08, 2020 in Avondale, Arizona.

Christian Petersen | Getty Images

Facebook is rolling out a new app for iPhone and Android called “Venue” that will let people talk about live sports. It will first support NASCAR.

Facebook said Friday the mobile app will be used to engage fans and television commentators during live events, as sports leagues brace for competitions without spectators due to the Covid-19 pandemic.

Venue serves as a massive discussion board. Venue allows users to select between different chats within the app where fans can engage with assigned commentators. Facebook says hosts within the app will provide “interactive questions, polls, and open up short chats all around the specific moments” of the live event.

“Digital spaces can connect us when we can’t be together in person, and Venue is one way to feel the energy of watching live events with other fans,” Ime Archibong, head of Facebook’s new product experimentation division, said in a statement.

Facebook entered a non-monetary partnership with NASCAR, making the sports

The latest batch of 2.1 million claims are down from the 2.4 million the week prior. While the number of weekly jobless claims has dropped eight consecutive weeks since topping out at 6.9 million in April, it still marks 10 straight weeks with claims topping 2 million. Prior to the shutdown of shops, offices and businesses across the country, weekly U.S. unemployment claims had averaged 218,000.

Another week with unemployment claims topping 2.1 million means the U.S. Bureau of Labor Statistics’ 14.7% official unemployment rate appears even more out of touch with the real jobless rate. Since mid-April—the period covered by the BLS unemployment rate—another 14.3 million Americans have claimed unemployment benefits. When those 14.3 million are added to the already 23.1 million unemployed Americans in the latest jobs reports, it brings the total jobless over 37.4 million. That would be a real unemployment rate …

Much of the recent trade discussion has focused on how the coronavirus has increased tension between the United States and China, energized efforts to localize supply chains, and spawned countless export control measures. But the coronavirus has also contributed to another disturbing trend – momentum for digital service taxes in countries around the world.

The United States is engaged in bilateral trade negotiations with many of the key culprits, and must condition outcomes on clear commitments to refrain from adopting unilateral and discriminatory tax measures that target America’s most innovative companies.

Digital services taxes are nothing new, of course. France, a primary proponent, has been working on its policy for years and encouraging its European neighbors to follow suit. France claims the tax is necessary to address the under-taxation of digital companies, but the measure’s design and comments by local politicians suggest a more discriminatory intent.

Indeed, the U.S. Trade Representative’s Section 301 investigation into the French measure reveals that policymakers carefully calibrated it to squeeze as much revenue from American companies as possible while exonerating local competitors. And many French politicians did not even try to hide the true purpose, simply calling

Good morning, Broadsheet readers! WNBA commissioner Cathy Engelbert talks the future of live sports, Brené Brown is our collective therapist, and Citi’s Jane Fraser reflects on leading in a pandemic. Have a terrific Tuesday.

– Vulnerability as an advantage. For the latest installment of Fortune‘s interview series about female leadership amid the coronavirus crisis, I talked to Jane Fraser, president of Citi and CEO of its global consumer banking division. Fraser shared what data she’s monitoring (community spread, public infrastructure) and what Citi’s pandemic-era offices will look like (one-way walking routes and lots of plexiglass).

Of course, the pandemic is reshaping more than companies’ physical workspace. Fraser said the crisis is an opportunity to “smash some of the myths of how you’ve done stuff in the past,” especially as it relates to talent. She explained, for instance, why Citi offered full-time jobs to most of its summer interns before their (abbreviated, all-virtual) programs began. It took “the stress out of the system,” she said. “This way they’ll make the most of the experience…rather than stressing about, ‘How am I able to show myself when I’m not sitting there with my manager?’”